Stocks

BLOOMBERG  A week after Thailand’s pro-democracy parties garnered an historic win in national elections, investors are getting nervous over the formation of a coalition government. The uncertainty has triggered an outflow of funds since the May 14 poll, worsening the rout in Asia’s worst-performing stock market this year and sending the baht lower against the dollar. While the coalition is ...

BLOOMBERG Deep in the bowels of Wall Street there’s a surprisingly successful counterfeiting operation underway: The world’s largest banks have created a booming business churning out imitation quant trades. JPMorgan Chase & Co, Goldman Sachs Group Inc and Morgan Stanley are among those hawking the products, which are known by the deceptively dreary name “quantitative investment strategies” (QIS). It’s the ...

BLOOMBERG Shares of Adani Group companies rallied, trimming their losses for the week, after a panel appointed by India’s Supreme Court found no conclusive evidence of stock price manipulation as alleged by US short-seller Hindenburg Research. Flagship Adani Enterprises Ltd surged 3.5% on the court findings. Other group entities like Adani Transmission Ltd, and Adani Power Ltd closed higher by ...

BLOOMBERG  A Bank of America Corp (BofA) strategist says you shouldn’t be fooled by a seemingly bearish signal being flashed by the stocks in the S&P 500 Index. To the contrary, history shows it may even point to strong gains ahead. The 50-day moving average of the S&P 500 Equal Weight Index — a version of the benchmark that gives ...

BLOOMBERG  Markets turned higher after days of anxiety that an impasse in Washington would push the US into an unprecedented default, spurring bets that the world’s biggest economy can also skirt an economic slump. European stocks rose, following a rally on Wall Street, as hopes built for an eventual breakthrough in talks to raise the debt limit before coffers run ...

BLOOMBERG The investment arm of Goldman Sachs Group Inc dramatically reduced its exposure to the Adani Group in its ESG portfolios in the weeks following allegations of fraud against the conglomerate by short-seller Hindenburg Research. Goldman funds registered as promoting environmental, social and governance goals under European Union (EU) rules sold about 11.7 million shares in Adani companies in February, ...

BLOOMBERG Markets pointed to a recovery from a selloff on Wall Street as traders pinned hopes on talks in Washington to break a deadlock on raising the debt ceiling. The dollar climbed to the highest in more than five weeks. US stock futures rose and Treasuries steadied as White House and congressional negotiators continued to try to resolve their differences. ...

BLOOMBERG Global markets were mixed on Tuesday, with US stock futures trading in a tight range ahead of debt-ceiling talks. A standoff over whether to raise the federal debt limit is sidelining many investors as they wait for a breakthrough in Washington. In Europe, Vodafone Group Plc shares sank on weak earnings and Telecom Italia SpA fell after a report ...

BLOOMBERG Japan is fast becoming the most favoured developed market with investors as conviction grows that a rally taking the Topix to the highest since August 1990 will accelerate. Strategists at Goldman Sachs Group Inc to Macquarie Group Ltd say the case for a bull run is solid with corporate governance reforms set to boost valuation and loose monetary policy ...

BLOOMBERG Stocks and commodities climbed as investors bet that US politicians will be able to negotiate a solution to the debt-ceiling standoff, with President Joe Biden voicing optimism that a deal could be reached. S&P 500 futures climbed 0.4%, signalling a rebound from May 12 retreat. Other markets tilted risk-on, with copper advancing and mining shares leading gains among European ...